Revenio Group Corporation: REVENIO TO LAUNCH

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News Desk 2018
Revenio Group Corporation: REVENIO TO LAUNCH EMPLOYER-EMPLOYEE NEGOTIATIONS REGARDING RIB BUSINESS

Revenio Group Corporation Stock Exchange Release August 18 2014 at 9:15 hrs. REVENIO TO LAUNCH EMPLOYER-EMPLOYEE NEGOTIATIONS REGARDING RIB BUSINESS Due to production and financial reasons, the Finnish health tech group Revenio Group Corporation will initiate employer-employee negotiations within Boomeranger Boats Ltd., a company specializing in Rigid Inflatable Boats (RIB) and a part of Revenio Technology and Services business segment. The negotiations will affect the entire personnel of Boomeranger Boats Ltd., approximately 27 persons in total.  In line with its strategy, the Revenio Technology and Services segment focuses on maintaining a good profitability trend, organic growth and efficiency. The employer-employee negotiations within Boomeranger Boats Ltd. are held in order to ensure that a positive profitability trend will continue.  The aim is to adjust the company's cost structure to its changed operating environment, which currently poses some challenges. The negotiations are carried out in preparation for a potential scenario in which the existing, substantial order book of Boomeranger Boats Ltd. cannot be fully realized. The risk of this is caused by the general economic situation, which has been noted to hinder decision-making processes. Another goal of the negotiations is to ensure that the profitability trend of Revenio Group Corporation continues in line with its strategy. Revenio Group Corporation Olli-Pekka Salovaara President and CEO For further information, please contact: President & CEO Olli-Pekka Salovaara, tel. +358 40 567 5520 olli-pekka.salovaara@revenio.fi www.revenio.fi DISTRIBUTION: NASDAQ OMX Helsinki Financial Supervisory Authority (FIN-FSA) Principal media www.revenio.fi The Revenio Group in brief Revenio is a Finnish health tech group whose core business is tonometers. The Revenio Health Tech segment comprises the business operations of Icare Finland Oy. The widely patented Icare product family is the current cornerstone of the Group's success. Revenio seeks vigorous growth in health technology, both organically and through acquisitions and mergers.  The Revenio Group also includes other business operations, which are grouped under the Technology and Services segment. This segment's operations have a shared global market and represent the cutting edge of technology products and services in their industry. These businesses are extremely profitable in their industries and generate positive cash flow for the Group.  In 2013, the Revenio Group's net sales totaled EUR 25.7 million, with its operating margin standing at 21.7%. The Revenio Group Corporation is listed on NASDAQ OMX Helsinki. [HUG#1849325]

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